What are the significant points of Fiscal Policy?
Significant points of Fiscal Policy:
a. Meaning of fiscal policy and why this is an significant tool into managing economic fluctuations
b. Which policies constitute an expansionary fiscal policy and that constitute a contractionary fiscal policy
c. Why fiscal policy has a multiplier consequence and how this consequence is affected by automatic stabilizers
d. How to measure the government budget balance and how this is influenced by economic fluctuations
e. Why a huge public debt may be a cause for concern
f. Why implicit responsibilities of the government are also a reason for concern